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Author Topic: Buy the DIP, and HODL!  (Read 76330 times)
HelliumZ
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January 26, 2024, 10:22:05 AM
 #5481

Grayscale Bitcoin "Trust" is still holding, NOT HODLing, more than 500,000 Bitcoin and they have been selling more aggressively since January 12.

https://bitcointreasuries.net/entities/50

I believe if the selling contintues, and the market panics, that might cause a pre-halving DIP, no?

As plebs what do we do in this kind of situation? I can't tell you what to do with your money, but if you ask me it's = Buy the DIP, and HODL. Cool



However, panic sales are not a new phenomenon in the Bitcoin market, but rather a well-known phenomenon that occurs regularly. Such panic sales before bitcoin halving have been seen many times in the past and we will face such panic sales before halving in the future as well. Grayscale sells 500k bitcoins in the bitcoin market creating a market bloody moment despite the temporary negative impact on the bitcoin market.This is expected to be the biggest dumping in the Bitcoin market before the halving. This may be the best time to invest in Bitcoin for those who are planning to invest in Bitcoin and hold it for the long term. Therefore, those who can use this panic sale and invest and hold Bitcoin at the highest DIP will have a 100% chance of getting potential profit after the halving.


Is that chart saying that a DIP lower than $30,000 has higher probability than expected? That's currently impossible if you ask me. But if Grayscale continues selling until next month, and it starts a panic, then probably that could happen?
If Gray-scale does not stop selling bitcoins, the panic market of bitcoins will never end, but if they continue to sell bitcoins, the market is expected to decline more in February than this month. After the approval of the Bitcoin Spot ETF, the Bitcoin market fell from $49,000 to below $40,000, which is a 20% drop, according to statistics. However, since the sale of gray-scale Bitcoin, the market has declined by 15 percent, according to statistics. If this selling trend continues in February, the Bitcoin market is expected to fall further below 36,000 and the market is predicted to decline by 7%.

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January 26, 2024, 10:28:45 AM
Merited by JayJuanGee (1), Bobrox (1)
 #5482

Are we going to get rid of market manipulation someday? This is so frustrating... Bitcoin could be doing much better right now if it wasn't for this Grayscale bullshit. This company holds too many coins, and even worse is the possibility they might purchase large chunks of Bitcoin, once they crash the price to the dip.

Who might be buying the coins Grayscale are dropping on the market for sale? Another whales? I don't hope so... It should be an opportunity for small and new investors to reinforce their wallets with more BTCs and decrease the power and influence of whales inside Bitcoin market, at least a little.

I'm telling people to invest in Bitcoin, because this is a golden chance before the halving event, but after seeing what this Grayscale is doing, I'm not sure if I should keep encouraging people, or if we should wait the price to crash further in order to buy. I confess the influence range a single whale has inside the market worried me regards the future.
I must tell you the truth this is a blessing in disguise for people who understands what's going on. Yes Grayscale is pushing the price down with their continuous sale, but ask yourself who are the people buying? Be among those that are buying and wait for Grayscale to finish selling and see what happens with bitcoin. We are wiser now to understand when there is a manipulation in the market. This is an opportunity for bitcoin to get to those who has been waiting for the price to come down to this level, but the funny thing is that most of them will still be waiting for further dip which may happen or may not. With the level of awareness that bitcoin is getting everyday, even if Grayscale sell all their holdings bitcoin will never be enough for the global population. There can only be 21 million bitcoins and the world population is over 8 billion. This is a simple manipulation, let's not give the whales what they want don't sell to them buy emptying your bag because of Grayscale selling, instead buy from Grayscale as they are selling.
It's only those that have been following up with many years of all sorts of ups and downs in this sector that would understand the significants of this moment that the bitcoin price has been facing a dip in the past weeks as a result of the Grayscale sales, but just like you asked, if Grayscale is selling then who are those buying? This should be a food for thought to those are are panicking selling due to the price fall instead of leverage on this Dip to accumulate more.


If bitcoin was really going to dump dipper than it has ever done before, and also if the future of the halving and bullrun we are expecting isn't positive for bitcoin then Tesla would have joined in the sells but instead they are maintaining their holding still. What does this mean to those panic selling?
Tesla Maintains Bitcoin Holdings — $184M in Digital Assets Shown on Balance Sheet

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January 26, 2024, 11:42:03 AM
 #5483

While we may well be aware of this, we can't always use the past to judge or anticipate the future and saying something as bold as 100% chance is as tho
Anyone thinking that there is any 100% certainty about Bitcoin price prediction is probably new to the business because the experienced people know that there is no such things as 100% certainty. We can use past data to guess the future and it could be right or wrong, this is what we are expected to bear in mind to be able to make informed decision and not act in a manner or take actions that may lead to regrets and tears.

Even though we do not know what the future will be for Bitcoin, it is our expectations that at some point in the future it will become more valuable than it is today, the reason we are buying and holding it while keeping open mind to various possibilities that might unfold. It is obvious that Bitcoin has become more popular, more accepted and looking more promising than it was in the past and these are indicators that it is worth owning.

The method of buying and how to many the bought Bitcoin is more important than knowing what the price will be tomorrow, next tomorrow and so on, hence the reason I chose to follow a method that will not require me bothering about the price of Bitcoin. As a long term investor, the price of Bitcoin should be the least thing to worry you at this point even though it feels good when you see the price rising and your portfolio in good profits.




Being expectant is not bad as a bitcoiner but being sure of your expectations is not guaranteed, Bitcoin price as you said is not fixed, it changes from time to time, that's why people who know more about the system prefers long-term holding because this is the period in which every bitcoiner keep accumulating and waiting for the expected time to come.
There are people who really understand this bitcoin and the market itself, these set of person work with the mindset that bitcoin can only depreciate in price for a while but the value remains and because of this they keep positive mind and continue doing the needful.

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January 26, 2024, 11:42:57 AM
 #5484

Grayscale Bitcoin "Trust" is still holding, NOT HODLing, more than 500,000 Bitcoin and they have been selling more aggressively since January 12.

https://bitcointreasuries.net/entities/50

I believe if the selling contintues, and the market panics, that might cause a pre-halving DIP, no?

As plebs what do we do in this kind of situation? I can't tell you what to do with your money, but if you ask me it's = Buy the DIP, and HODL. Cool



However, panic sales are not a new phenomenon in the Bitcoin market, but rather a well-known phenomenon that occurs regularly. Such panic sales before bitcoin halving have been seen many times in the past and we will face such panic sales before halving in the future as well. Grayscale sells 500k bitcoins in the bitcoin market creating a market bloody moment despite the temporary negative impact on the bitcoin market.This is expected to be the biggest dumping in the Bitcoin market before the halving. This may be the best time to invest in Bitcoin for those who are planning to invest in Bitcoin and hold it for the long term. Therefore, those who can use this panic sale and invest and hold Bitcoin at the highest DIP will have a 100% chance of getting potential profit after the halving.


Is that chart saying that a DIP lower than $30,000 has higher probability than expected? That's currently impossible if you ask me. But if Grayscale continues selling until next month, and it starts a panic, then probably that could happen?

If Gray-scale does not stop selling bitcoins, the panic market of bitcoins will never end, but if they continue to sell bitcoins, the market is expected to decline more in February than this month. After the approval of the Bitcoin Spot ETF, the Bitcoin market fell from $49,000 to below $40,000, which is a 20% drop, according to statistics. However, since the sale of gray-scale Bitcoin, the market has declined by 15 percent, according to statistics. If this selling trend continues in February, the Bitcoin market is expected to fall further below 36,000 and the market is predicted to decline by 7%.


That's surely a probability, BUT as plebs what can we actually do while the whales make their moves that move the market either up or down? We can merely try to Buy the DIPs and look for small discounts from the market, OR if we're lucky, a flash-crash happens giving us another Golden Opportunity to buy a very big DIP. No one can predict when it will happen, but there's a higher probability than expected that it might happen.

Grayscale Bitcoin Trust selling + "Higher For Longer" interest rates from legacy = ?

¯\_(ツ)_/¯

I'm not saying it absolutely will happen, I'm merely saying that it's an opportunity.

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January 26, 2024, 01:13:48 PM
Merited by JayJuanGee (1)
 #5485

Grayscale Bitcoin "Trust" is still holding, NOT HODLing, more than 500,000 Bitcoin and they have been selling more aggressively since January 12.

https://bitcointreasuries.net/entities/50

I believe if the selling contintues, and the market panics, that might cause a pre-halving DIP, no?

As plebs what do we do in this kind of situation? I can't tell you what to do with your money, but if you ask me it's = Buy the DIP, and HODL. Cool



However, panic sales are not a new phenomenon in the Bitcoin market, but rather a well-known phenomenon that occurs regularly. Such panic sales before bitcoin halving have been seen many times in the past and we will face such panic sales before halving in the future as well. Grayscale sells 500k bitcoins in the bitcoin market creating a market bloody moment despite the temporary negative impact on the bitcoin market.This is expected to be the biggest dumping in the Bitcoin market before the halving. This may be the best time to invest in Bitcoin for those who are planning to invest in Bitcoin and hold it for the long term. Therefore, those who can use this panic sale and invest and hold Bitcoin at the highest DIP will have a 100% chance of getting potential profit after the halving.


Is that chart saying that a DIP lower than $30,000 has higher probability than expected? That's currently impossible if you ask me. But if Grayscale continues selling until next month, and it starts a panic, then probably that could happen?
If Gray-scale does not stop selling bitcoins, the panic market of bitcoins will never end, but if they continue to sell bitcoins, the market is expected to decline more in February than this month. After the approval of the Bitcoin Spot ETF, the Bitcoin market fell from $49,000 to below $40,000, which is a 20% drop, according to statistics. However, since the sale of gray-scale Bitcoin, the market has declined by 15 percent, according to statistics. If this selling trend continues in February, the Bitcoin market is expected to fall further below 36,000 and the market is predicted to decline by 7%.
Nobody knows how true this will be, maybe the market will drop to 36k or not. What I also want you to know is that there is a limit that Grayscale can  manipulate the price to, and if they continue bitcoin will resist the manipulation and bounce back, leaving them with no option than to allow the price to be natural. As I am typing this post, the price of bitcoin is $41k+, is grayscale no longer selling. Bitcoin price can only be manipulated in a short term and not for long, this is one thing that I love about its design.

No need for us to focus on the price movement of bitcoin as investors who are still in their accumulation phase
 Instead, is for us to look for a means to make sure that we benefit from the current dip, while we are still DCAing and forget about if it will dip further or not. I am happy that I was able to buy a reason amount of bitcoin yesterday before the price became $41k+ today. What I did was to meet my Boss for 30% of my salary in advance, which will be deducted from my salary in three consecutive months,and I used that money to buy at dip, because I might not be privilege to see that price by ending of the months.

I have decided to turn deaf hears on the market currently, and stay focus on using DCA approach and lump sum to invest at this moment. No one can tell if the market may dip or may not dip, but enjoy the dip while it last.

.
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January 26, 2024, 02:24:27 PM
 #5486

Grayscale Bitcoin "Trust" is still holding, NOT HODLing, more than 500,000 Bitcoin and they have been selling more aggressively since January 12.

https://bitcointreasuries.net/entities/50

I believe if the selling contintues, and the market panics, that might cause a pre-halving DIP, no?

As plebs what do we do in this kind of situation? I can't tell you what to do with your money, but if you ask me it's = Buy the DIP, and HODL. Cool



However, panic sales are not a new phenomenon in the Bitcoin market, but rather a well-known phenomenon that occurs regularly. Such panic sales before bitcoin halving have been seen many times in the past and we will face such panic sales before halving in the future as well. Grayscale sells 500k bitcoins in the bitcoin market creating a market bloody moment despite the temporary negative impact on the bitcoin market.This is expected to be the biggest dumping in the Bitcoin market before the halving. This may be the best time to invest in Bitcoin for those who are planning to invest in Bitcoin and hold it for the long term. Therefore, those who can use this panic sale and invest and hold Bitcoin at the highest DIP will have a 100% chance of getting potential profit after the halving.


Is that chart saying that a DIP lower than $30,000 has higher probability than expected? That's currently impossible if you ask me. But if Grayscale continues selling until next month, and it starts a panic, then probably that could happen?
If Gray-scale does not stop selling bitcoins, the panic market of bitcoins will never end, but if they continue to sell bitcoins, the market is expected to decline more in February than this month. After the approval of the Bitcoin Spot ETF, the Bitcoin market fell from $49,000 to below $40,000, which is a 20% drop, according to statistics. However, since the sale of gray-scale Bitcoin, the market has declined by 15 percent, according to statistics. If this selling trend continues in February, the Bitcoin market is expected to fall further below 36,000 and the market is predicted to decline by 7%.
Nobody knows how true this will be, maybe the market will drop to 36k or not. What I also want you to know is that there is a limit that Grayscale can  manipulate the price to, and if they continue bitcoin will resist the manipulation and bounce back, leaving them with no option than to allow the price to be natural. As I am typing this post, the price of bitcoin is $41k+, is grayscale no longer selling. Bitcoin price can only be manipulated in a short term and not for long, this is one thing that I love about its design.

No need for us to focus on the price movement of bitcoin as investors who are still in their accumulation phase
 Instead, is for us to look for a means to make sure that we benefit from the current dip, while we are still DCAing and forget about if it will dip further or not. I am happy that I was able to buy a reason amount of bitcoin yesterday before the price became $41k+ today. What I did was to meet my Boss for 30% of my salary in advance, which will be deducted from my salary in three consecutive months,and I used that money to buy at dip, because I might not be privilege to see that price by ending of the months.

I have decided to turn deaf hears on the market currently, and stay focus on using DCA approach and lump sum to invest at this moment. No one can tell if the market may dip or may not dip, but enjoy the dip while it last.
that's actually a smart move, using 30% of your advance salary to take more advantage of the dip. Because now most people might have sold theirs due to fear. But as you guys said already this best time to keep your DCAing going. Though bitcoin price has fallen by  Around 20% since SEC approved the launch of several spot Bitcoin ETFs in the U.S.
Back then most people believe that if ETF approval was approved bitcoin would experience a great surge in price. Yeah and it's did but in a short time. Bitcoin rise to the price range of $48K after the ETF approval. But I didn't put much hope concerning the ETF approval affecting the bitcoin price (rise). All I actually put my Mind on is the upcoming 4th bitcoin halving which is going to take place this year. But still bitcoin experiencing a dip is a good opportunity to buy the dip and hodl.

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January 26, 2024, 03:05:25 PM
Merited by JayJuanGee (1)
 #5487

Being expectant is not bad as a bitcoiner but being sure of your expectations is not guaranteed, Bitcoin price as you said is not fixed, it changes from time to time, that's why people who know more about the system prefers long-term holding because this is the period in which every bitcoiner keep accumulating and waiting for the expected time to come.
Bitcoin prices never settle at just one level and this has happened frequently for a long time so it makes sense for those who already know about it to continue to take advantage of the conditions by accumulating more at times like now. Because when the expected time has arrived, namely the time for a significant increase in prices, of course those who have bought at Dip will be very happy and will vent their joy with the profits they get.

Quote
There are people who really understand this bitcoin and the market itself, these set of person work with the mindset that bitcoin can only depreciate in price for a while but the value remains and because of this they keep positive mind and continue doing the needful.
That's actually the mindset that everyone must have so that we can all often see good prices in Bitcoin. Because those who usually panic about the temporary depreciation of Bitcoin prices are people who do not have a positive mindset towards Bitcoin and even such people usually find it easier to forget about Bitcoin for reasons of being disappointed for a short time only. Even though they still have time to wait for good days and feel extraordinary joy through Bitcoin.

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January 26, 2024, 03:10:55 PM
 #5488

If Gray-scale does not stop selling bitcoins, the panic market of bitcoins will never end, but if they continue to sell bitcoins, the market is expected to decline more in February than this month. After the approval of the Bitcoin Spot ETF, the Bitcoin market fell from $49,000 to below $40,000, which is a 20% drop, according to statistics. However, since the sale of gray-scale Bitcoin, the market has declined by 15 percent, according to statistics. If this selling trend continues in February, the Bitcoin market is expected to fall further below 36,000 and the market is predicted to decline by 7%.

Who cares about those kinds of expectations that may or may not be correct?  Hopefully you are not waiting to accumulated, and hopefully you were able to get some BTC in the $38,500 to $40k range that may or may not come back....

You cannot count on such opportunities presenting themselves again, even if they presented themselves earlier, and even if there are expectations for them to present themselves.. so probably part of the main questions for anyone accumulating bitcoin is whether you have enough bitcoin to be prepared for UP in terms of your own financial and personal circumstances, and if you do not then, you have to figure out how much you should buy right now.

and sure if you think that the BTC price might drop more then how much you should wait or maybe if you have cash coming in, then you don't put too much weight regarding whether or how much BTC will drop, you just plan to buy every week or so (depending on your buying timeline) and if a further dip happens hopefully you will be able to buy again during that time... otherwise, you will just need to buy at whatever happens to be the then current price.

Grayscale Bitcoin "Trust" is still holding, NOT HODLing, more than 500,000 Bitcoin and they have been selling more aggressively since January 12.
https://bitcointreasuries.net/entities/50
I believe if the selling contintues, and the market panics, that might cause a pre-halving DIP, no?

As plebs what do we do in this kind of situation? I can't tell you what to do with your money, but if you ask me it's = Buy the DIP, and HODL. Cool

However, panic sales are not a new phenomenon in the Bitcoin market, but rather a well-known phenomenon that occurs regularly. Such panic sales before bitcoin halving have been seen many times in the past and we will face such panic sales before halving in the future as well. Grayscale sells 500k bitcoins in the bitcoin market creating a market bloody moment despite the temporary negative impact on the bitcoin market.This is expected to be the biggest dumping in the Bitcoin market before the halving. This may be the best time to invest in Bitcoin for those who are planning to invest in Bitcoin and hold it for the long term. Therefore, those who can use this panic sale and invest and hold Bitcoin at the highest DIP will have a 100% chance of getting potential profit after the halving.
Is that chart saying that a DIP lower than $30,000 has higher probability than expected? That's currently impossible if you ask me. But if Grayscale continues selling until next month, and it starts a panic, then probably that could happen?
If Gray-scale does not stop selling bitcoins, the panic market of bitcoins will never end, but if they continue to sell bitcoins, the market is expected to decline more in February than this month. After the approval of the Bitcoin Spot ETF, the Bitcoin market fell from $49,000 to below $40,000, which is a 20% drop, according to statistics. However, since the sale of gray-scale Bitcoin, the market has declined by 15 percent, according to statistics. If this selling trend continues in February, the Bitcoin market is expected to fall further below 36,000 and the market is predicted to decline by 7%.
That's surely a probability, BUT as plebs what can we actually do while the whales make their moves that move the market either up or down? We can merely try to Buy the DIPs and look for small discounts from the market, OR if we're lucky, a flash-crash happens giving us another Golden Opportunity to buy a very big DIP. No one can predict when it will happen, but there's a higher probability than expected that it might happen.

O.k... sure the BTC price shot up nearly double from its correction down to $25k and then up to $49k.. so yeah.. we can give you that there is a possibility that it could correct back down further than the 21% that it already did down to $38,505, yet you are saying that it is higher than not probability that it will happen, and you seem to not be talking about 51/49, but maybe you are suggesting even higher probabilities that a further correction is going to happen?  Are you getting into the 60/40 arena?  or even higher than that?  You sound like you have assigned even higher probabilities, which might be part of the reason that you did not stack enough sats in the $25k to $26k arena because you were assigning probabilities that were too high to downity scenarios.. that were likely not as high as you were making them out to be.

And, part of the problem is that we just cannot know about these various short term trends, even though we can see a lot of bullish things happening in the BTC market, too... so what are we  going to do?  wait for dips that don't end up happening? and not being sufficiently/adequately prepared for up?  Hopefully anyone who is waiting, is also sufficiently/adequately prepared for UP because expecting more dip, even after getting around a 21% dip seems to be bordering upon greedy.. or just not necessarily understanding the benefits of making sure that you are sufficiently/adequately stacked at all times.

Guys do need decide for themselves - even though I will continue with the assertion that it is problematic to be assigning high values to downity scenarios that may well ONLY be in the ballpark of 50/50 of happening, even if everyone is saying it.

Grayscale Bitcoin Trust selling + "Higher For Longer" interest rates from legacy = ?
¯\_(ツ)_/¯
I'm not saying it absolutely will happen, I'm merely saying that it's an opportunity.

Surely you know that their clients are selling, so they are forced to sell, but that does not mean that others are not buying.  Sure some of those who are buying might try to wait a few days before they buy, but they could get themselves into trouble if they are trying to play those kinds of waiting games, so if so many guys here are blaming Grayscale, some of the manipulation likely comes from those who are waiting to buy.. but some of those waiting to buy may well end up getting screwed if others buy before them, and the BTC price discontinues dipping as so many are playing with that kind of fire with one of the greatest assets known to man (if not the greatest, at least in current times).

Nobody knows how true this will be, maybe the market will drop to 36k or not. What I also want you to know is that there is a limit that Grayscale can  manipulate the price to,

These kinds of assertions of Grayscale manipulation is getting more and more ridiculous to be making those kinds of proclamations.

and if they continue bitcoin will resist the manipulation and bounce back, leaving them with no option than to allow the price to be natural.

That part is true, and you do not even need to assign causal proclamations to the various ways to keep the BTC price down.. because sometimes the price can ONLY stay down for so long, including when everyone is saying it is going down more and providing some dumb, ill-thought out one sided explanations, then that is part of the ways to try to keep the BTC price down, but it is not necessarily sustainable to keep it down with those kinds information campaigns to try to play sentiment and momentum.. .. and yeah the trend is your friend, but there still needs to be enough behind the momentum, including but not limited to more sellers than buyers.

As I am typing this post, the price of bitcoin is $41k+, is grayscale no longer selling. Bitcoin price can only be manipulated in a short term and not for long, this is one thing that I love about its design.

Grayscale will continue to sell as long as their clients are selling, but why does it matter?  Those coins can be absorbed... but hey whatever, you can focus on the selling all you want and get caught up in the hype.. and hopefully you don't fail to continue to stack and you don't wait too much or maybe even worse either leverage in order to bet on the down direction or to sell to buy back cheaper that may or may not end up happening.

No need for us to focus on the price movement of bitcoin as investors who are still in their accumulation phase
 Instead, is for us to look for a means to make sure that we benefit from the current dip, while we are still DCAing and forget about if it will dip further or not. I am happy that I was able to buy a reason amount of bitcoin yesterday before the price became $41k+ today. What I did was to meet my Boss for 30% of my salary in advance, which will be deducted from my salary in three consecutive months,and I used that money to buy at dip, because I might not be privilege to see that price by ending of the months.

Yep.. those kinds of plays to bet on up may or may not work out in the short-run, but they surely are ways to try  to make sure that you are prepared for UP, and 3 months is not really a very long time to have your salary reduced.. and a lot of folks are not in a position that a boss would be willing to engage in such an arrangement.

I have decided to turn deaf hears on the market currently,

Now you are talking.

and stay focus on using DCA approach and lump sum to invest at this moment. No one can tell if the market may dip or may not dip, but enjoy the dip while it last.

That seems to be the case.

[edited out]
that's actually a smart move, using 30% of your advance salary to take more advantage of the dip. Because now most people might have sold theirs due to fear. But as you guys said already this best time to keep your DCAing going. Though bitcoin price has fallen by  Around 20% since SEC approved the launch of several spot Bitcoin ETFs in the U.S.
Back then most people believe that if ETF approval was approved bitcoin would experience a great surge in price. Yeah and it's did but in a short time. Bitcoin rise to the price range of $48K after the ETF approval. But I didn't put much hope concerning the ETF approval affecting the bitcoin price (rise). All I actually put my Mind on is the upcoming 4th bitcoin halving which is going to take place this year. But still bitcoin experiencing a dip is a good opportunity to buy the dip and hodl.

The BTC spot ETF approval is bullish as fuck for bitcoin, and likely is part of the reason why the price went from $27k to $49k between October and January, even though it was not really certain that the ETF was going to be approved.. even though there were more and more signs of such approval.. no one really knew for sure until it actually happened.. even though there are plenty of folks who were likely buying a lot of BTC between October and January in anticipation of the approval being way greater than not.

The sell offs do not always make sense, except maybe to consider that no assets go straight up and there are going to be waves, including misinformation and various ways that BIGGER players might try to play the waves, and surely even the BIGGER players are not always on the right (profitable) side of the wave.

As smaller players, we should already be expecting that at any time the BTC price can go in either direction, and likely one of the main guarantees in bitcoin is that it is going to be volatile, violent and throw in some surprises, which means that we are not going to know which direction it is going to be volatile, when, how long it will last or how severe it will be.  Even though there are claims that "the Adults" and the "BIG" players have entered the room, and so therefore the BTC market is going to get tamed, and they can go fuck themselves with those kinds of proclamations.  I will believe  it when I see it.  Yeah sure the larger the market cap, the more difficult is it to push the BTC price around, but we have bigger, and BIGger and BIGGER players coming into the bitcoin scene who are going to be throwing around larger amounts of capital and perhaps trying to get their way with how they push the BTC price direction, so it is not always going to go how some of the BIGGER players want it to go, and those of us who are smaller players can advantage by already being in before them, but to continue to make sure that we are building our position even if they are trying to manipulate and trick normies out of their cornz.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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January 26, 2024, 04:58:45 PM
 #5489

Grayscale Bitcoin "Trust" is still holding, NOT HODLing, more than 500,000 Bitcoin and they have been selling more aggressively since January 12.

https://bitcointreasuries.net/entities/50

I believe if the selling contintues, and the market panics, that might cause a pre-halving DIP, no?

As plebs what do we do in this kind of situation? I can't tell you what to do with your money, but if you ask me it's = Buy the DIP, and HODL. Cool



However, panic sales are not a new phenomenon in the Bitcoin market, but rather a well-known phenomenon that occurs regularly. Such panic sales before bitcoin halving have been seen many times in the past and we will face such panic sales before halving in the future as well. Grayscale sells 500k bitcoins in the bitcoin market creating a market bloody moment despite the temporary negative impact on the bitcoin market.This is expected to be the biggest dumping in the Bitcoin market before the halving. This may be the best time to invest in Bitcoin for those who are planning to invest in Bitcoin and hold it for the long term. Therefore, those who can use this panic sale and invest and hold Bitcoin at the highest DIP will have a 100% chance of getting potential profit after the halving.


Is that chart saying that a DIP lower than $30,000 has higher probability than expected? That's currently impossible if you ask me. But if Grayscale continues selling until next month, and it starts a panic, then probably that could happen?
If Gray-scale does not stop selling bitcoins, the panic market of bitcoins will never end, but if they continue to sell bitcoins, the market is expected to decline more in February than this month. After the approval of the Bitcoin Spot ETF, the Bitcoin market fell from $49,000 to below $40,000, which is a 20% drop, according to statistics. However, since the sale of gray-scale Bitcoin, the market has declined by 15 percent, according to statistics. If this selling trend continues in February, the Bitcoin market is expected to fall further below 36,000 and the market is predicted to decline by 7%.
Nobody knows how true this will be, maybe the market will drop to 36k or not. What I also want you to know is that there is a limit that Grayscale can  manipulate the price to, and if they continue bitcoin will resist the manipulation and bounce back, leaving them with no option than to allow the price to be natural. As I am typing this post, the price of bitcoin is $41k+, is grayscale no longer selling. Bitcoin price can only be manipulated in a short term and not for long, this is one thing that I love about its design.

No need for us to focus on the price movement of bitcoin as investors who are still in their accumulation phase
 Instead, is for us to look for a means to make sure that we benefit from the current dip, while we are still DCAing and forget about if it will dip further or not. I am happy that I was able to buy a reason amount of bitcoin yesterday before the price became $41k+ today. What I did was to meet my Boss for 30% of my salary in advance, which will be deducted from my salary in three consecutive months,and I used that money to buy at dip, because I might not be privilege to see that price by ending of the months.

I have decided to turn deaf hears on the market currently, and stay focus on using DCA approach and lump sum to invest at this moment. No one can tell if the market may dip or may not dip, but enjoy the dip while it last.
that's actually a smart move, using 30% of your advance salary to take more advantage of the dip. Because now most people might have sold theirs due to fear. But as you guys said already this best time to keep your DCAing going. Though bitcoin price has fallen by  Around 20% since SEC approved the launch of several spot Bitcoin ETFs in the U.S.
Back then most people believe that if ETF approval was approved bitcoin would experience a great surge in price. Yeah and it's did but in a short time. Bitcoin rise to the price range of $48K after the ETF approval. But I didn't put much hope concerning the ETF approval affecting the bitcoin price (rise). All I actually put my Mind on is the upcoming 4th bitcoin halving which is going to take place this year. But still bitcoin experiencing a dip is a good opportunity to buy the dip and hodl.

I don't think is nice encouraging someone to invest on Bitcoin using his 30% of salary to invest on Bitcoin because there is every possibility that the investor could ran into trouble if the reserve fund is not enough to sustain him till he receives his next salary, so perhaps in as much as is advisable to take advantage of the Bitcoin price right now but shouldn't get overwhelmed by investing aggressively because is better to invest with the money we can easily afford without being tampered than investing with all the money we have and within a short while you end up selling it do to the lact of money to take care of other needs, however is only those that have structured one of there portfolio for Lump suming  I could easily advise to take advantage of the market because they have already taken all the measures before now.

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January 26, 2024, 07:55:13 PM
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 #5490

I don't think is nice encouraging someone to invest on Bitcoin using his 30% of salary to invest on Bitcoin because there is every possibility that the investor could ran into trouble if the reserve fund is not enough to sustain him till he receives his next salary, so perhaps in as much as is advisable to take advantage of the Bitcoin price right now but shouldn't get overwhelmed by investing aggressively because is better to invest with the money we can easily afford without being tampered than investing with all the money we have and within a short while you end up selling it do to the lact of money to take care of other needs, however is only those that have structured one of there portfolio for Lump suming  I could easily advise to take advantage of the market because they have already taken all the measures before now.

Roseline492 I don't think you understand properly the concept of emergency fund. It's possible the person might have been into accumulate before now, and any one who understands emergency fund knows that, they should keep enough fund that can sustain them for like 3 to four months even without their normal salary. Meaning even while using DCA strategy you are keep aside some extra for emergency funds, and with time that might help you not to tamper with your holdings. So 30% for acculturating now that the price is low is very much ok. Except the person might have accumulated enough that he might have reason to slow down a bit. But if you are not satisfied with your holding and you want to be aggressive in the dump in price, it a good idea you go on.

Let's just take for example that someone is earning $5000 a month. And he has been using 5% for DCA every week while we kept $1000 as emergency fund for the month. If such person has been into holding for upto 15months which means he must have achieve $15k as his emergency fund, there is a need for such person to add the money for his emergency fund to his DCA  making it 10% of his income every week . That is, for 2 year he has accumulated $33k worth of BTC, and if the price dips like now, he might necessary increase his DCA accumulation to 30% which is about $6k a month. Such person could now use from his emergency fund for the month, and after the dip, he returns back to the 5% weekly until he might have refilled his emergency fund before he goes to 10% weekly.

I assure you, some one with this strategy doesn't have to worry much while he life activities keeps on going smoothly.
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January 26, 2024, 08:50:06 PM
 #5491



I don't think is nice encouraging someone to invest on Bitcoin using his 30% of salary to invest on Bitcoin because there is every possibility that the investor could ran into trouble if the reserve fund is not enough to sustain him till he receives his next salary, so perhaps in as much as is advisable to take advantage of the Bitcoin price right now but shouldn't get overwhelmed by investing aggressively because is better to invest with the money we can easily afford without being tampered than investing with all the money we have and within a short while you end up selling it do to the lact of money to take care of other needs, however is only those that have structured one of there portfolio for Lump suming  I could easily advise to take advantage of the market because they have already taken all the measures before now.
[/quote] I agree with you in your text that it's not nice encouraging someone to invest 30% of their salary.
The best amount to invest is one that wouldn't affect you even in losses.
You believe in Bitcoin doesn't mean the person does
Yes it's a good advice to you but wouldn't to the individual
Is not easy seeing red and losses especially when you know nothing about Bitcoin.
I prefer buying via DCA, buying small units at different interval.
You can take it like an expenses in training a kid, a couple of dollar on a consistent level would go a long way.


Quote
So 30% for acculturating now that the price is low is very much ok.
Okay? Do you have idea about the persons expenses
There are many people who can barely get by with their salary and you saying 30% is okay?
This can be said for people whose salary covers their expenses with a good margin
Any dip wouldn't have much effect on them and it would be easier to continue the DCA.
Like I said its not compulsory to invest your salary or savings.  Just invest and DCA any amount you can afford. $5 a week in a year is around $240, in many countries this is something (Note :Profit wasn't calculated). 

The one I know I would frown against is saving money idlely in the bank.
Fiat can't survive inflation
Price of goods increases while purchasing value of money reduces
Investing in good projects would prevent the money from been idle.
Quote
The BTC spot ETF approval is bullish as fuck for bitcoin, and likely is part of the reason why the price went from $27k to $49k between October and January
Not likely, It was the reason
People bought the rumor and the belief it would be approved.
They just starting that's why it may seem rocky
But it can serve as a catalyst in pushing the price farther than speculated.

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January 26, 2024, 09:44:10 PM
 #5492

As an investor in any kind of investment, you are supposed to be vigilant and watchful not just investing and letting it be and as an investor you must exercise patient.
An investor who does not exercise patient or who is not watchful is already planning to fail. Investment is not something you should be in a hurry to go into you must be determined to invest in something before going into it if not sometimes you might end up losing your profit.

Imagine this cryptocurrency that has been in existence since 2009 and started trading in 2010 many people might have backslided because they would have double mind as to maybe this thing won't work out but some still continued those people invested alot and it paid off at last.

Bitcoin is a currency that can be exchanged and sold, so as an investor in Bitcoin you are given the chance to sell it out if you notice any decrease in value.

Those who had the courage and bought the dip earlier before it started trading are the ones smiling most, people who had no patience sold or discarded theirs but had I know comes at last.
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January 26, 2024, 09:45:27 PM
 #5493

I don't think is nice encouraging someone to invest on Bitcoin using his 30% of salary to invest on Bitcoin because there is every possibility that the investor could ran into trouble if the reserve fund is not enough to sustain him till he receives his next salary, so perhaps in as much as is advisable to take advantage of the Bitcoin price right now but shouldn't get overwhelmed by investing aggressively because is better to invest with the money we can easily afford without being tampered than investing with all the money we have and within a short while you end up selling it do to the lact of money to take care of other needs, however is only those that have structured one of there portfolio for Lump suming  I could easily advise to take advantage of the market because they have already taken all the measures before now.
There is no fixed percentage that is universal as regarding what to invest in Bitcoin. It is always to each his own; you are expected to work out what you will be comfortable to leave in Bitcoin, an amount that will not stop you from living your normal life. There are some people people whose 10% of their income is enough for their needs and they will still have surplus from it. Those are the people at the upper echelon of society that are making decent amount of money that are way above what they can possibly spend. This set of people can even afford to invest 50% of their income into Bitcoin.

If I fall into this category of people, I will definitely put at least 50% of my income into Bitcoin because I don't know of any better asset class to invest in and save for retirement. My plan is to build a good portfolio that I will pass on to heirs, so saving my funds in Bitcoin is similar to the retirement savings and generational wealth preservation.

In another dimension, there are people whose income are so low that it will take over 50% to as high as 70% of their income to meet their basic needs. These class of people can invest as low as 10% of their income and they will not be breaking any rule. It is always ideal to properly calculate your cashflow to be able properly know what to put into Bitcoin to be able to have the much needed peace for long term investment.


R


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January 26, 2024, 10:21:42 PM
 #5494

Grayscale Bitcoin "Trust" is still holding, NOT HODLing, more than 500,000 Bitcoin and they have been selling more aggressively since January 12.

https://bitcointreasuries.net/entities/50

I believe if the selling contintues, and the market panics, that might cause a pre-halving DIP, no?

As plebs what do we do in this kind of situation? I can't tell you what to do with your money, but if you ask me it's = Buy the DIP, and HODL. Cool



However, panic sales are not a new phenomenon in the Bitcoin market, but rather a well-known phenomenon that occurs regularly. Such panic sales before bitcoin halving have been seen many times in the past and we will face such panic sales before halving in the future as well. Grayscale sells 500k bitcoins in the bitcoin market creating a market bloody moment despite the temporary negative impact on the bitcoin market.This is expected to be the biggest dumping in the Bitcoin market before the halving. This may be the best time to invest in Bitcoin for those who are planning to invest in Bitcoin and hold it for the long term. Therefore, those who can use this panic sale and invest and hold Bitcoin at the highest DIP will have a 100% chance of getting potential profit after the halving.


Is that chart saying that a DIP lower than $30,000 has higher probability than expected? That's currently impossible if you ask me. But if Grayscale continues selling until next month, and it starts a panic, then probably that could happen?
If Gray-scale does not stop selling bitcoins, the panic market of bitcoins will never end, but if they continue to sell bitcoins, the market is expected to decline more in February than this month. After the approval of the Bitcoin Spot ETF, the Bitcoin market fell from $49,000 to below $40,000, which is a 20% drop, according to statistics. However, since the sale of gray-scale Bitcoin, the market has declined by 15 percent, according to statistics. If this selling trend continues in February, the Bitcoin market is expected to fall further below 36,000 and the market is predicted to decline by 7%.
Nobody knows how true this will be, maybe the market will drop to 36k or not. What I also want you to know is that there is a limit that Grayscale can  manipulate the price to, and if they continue bitcoin will resist the manipulation and bounce back, leaving them with no option than to allow the price to be natural. As I am typing this post, the price of bitcoin is $41k+, is grayscale no longer selling. Bitcoin price can only be manipulated in a short term and not for long, this is one thing that I love about its design.

No need for us to focus on the price movement of bitcoin as investors who are still in their accumulation phase
 Instead, is for us to look for a means to make sure that we benefit from the current dip, while we are still DCAing and forget about if it will dip further or not. I am happy that I was able to buy a reason amount of bitcoin yesterday before the price became $41k+ today. What I did was to meet my Boss for 30% of my salary in advance, which will be deducted from my salary in three consecutive months,and I used that money to buy at dip, because I might not be privilege to see that price by ending of the months.

I have decided to turn deaf hears on the market currently, and stay focus on using DCA approach and lump sum to invest at this moment. No one can tell if the market may dip or may not dip, but enjoy the dip while it last.
that's actually a smart move, using 30% of your advance salary to take more advantage of the dip. Because now most people might have sold theirs due to fear. But as you guys said already this best time to keep your DCAing going. Though bitcoin price has fallen by  Around 20% since SEC approved the launch of several spot Bitcoin ETFs in the U.S.
Back then most people believe that if ETF approval was approved bitcoin would experience a great surge in price. Yeah and it's did but in a short time. Bitcoin rise to the price range of $48K after the ETF approval. But I didn't put much hope concerning the ETF approval affecting the bitcoin price (rise). All I actually put my Mind on is the upcoming 4th bitcoin halving which is going to take place this year. But still bitcoin experiencing a dip is a good opportunity to buy the dip and hodl.

I don't think is nice encouraging someone to invest on Bitcoin using his 30% of salary to invest on Bitcoin because there is every possibility that the investor could ran into trouble if the reserve fund is not enough to sustain him till he receives his next salary, so perhaps in as much as is advisable to take advantage of the Bitcoin price right now but shouldn't get overwhelmed by investing aggressively because is better to invest with the money we can easily afford without being tampered than investing with all the money we have and within a short while you end up selling it do to the lact of money to take care of other needs, however is only those that have structured one of there portfolio for Lump suming  I could easily advise to take advantage of the market because they have already taken all the measures before now.

It depends on individuals, If someone invest 30% of his salary on bitcoin, I think no matter the emergency involved the remaining 70% will be enough for any situation that may arise, if someone can use 70% of his earning for both emergency and other stuffs, even though such percentage have the 100% in his custody it won't still be okay for him or her, to me such person should divide his earning into 3 and it should be equal, then he should make use of one part to invest and the process should be continuous, it is better to take calculated risk, when it comes to bitcoin investment we should plan with the resources that we have within our reach but it should worth it, lets always go for long term and plan on the sustenance measures.

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January 26, 2024, 10:26:58 PM
 #5495

I agree with you in your text that it's not nice encouraging someone to invest 30% of their salary.
The best amount to invest is one that wouldn't affect you even in losses.
You believe in Bitcoin doesn't mean the person does
Yes it's a good advice to you but wouldn't to the individual
Is not easy seeing red and losses especially when you know nothing about Bitcoin.
I prefer buying via DCA, buying small units at different interval.
You can take it like an expenses in training a kid, a couple of dollar on a consistent level would go a long way.

Quote
So 30% for acculturating now that the price is low is very much ok.
Okay? Do you have idea about the persons expenses
There are many people who can barely get by with their salary and you saying 30% is okay?
This can be said for people whose salary covers their expenses with a good margin
Any dip wouldn't have much effect on them and it would be easier to continue the DCA.
Like I said its not compulsory to invest your salary or savings.  Just invest and DCA any amount you can afford. $5 a week in a year is around $240, in many countries this is something (Note :Profit wasn't calculated).  

The one I know I would frown against is saving money idlely in the bank.
Fiat can't survive inflation
Price of goods increases while purchasing value of money reduces
Investing in good projects would prevent the money from been idle.

You sound like one who is just experiencing the market not too long. In essence, you sound like a newbie, and I don't think you understand properly what I said. Making 30% Bitcoin investment off your salary for a month is enough when you have an emergency fund. Besides I didn't say you'll have to use that amount for ever, you invest based on your financial status. And with the way you sound, it looks as though you haven't developed enough trust for Bitcoin, anyway I can't blame you, if only you have don extensive research about Bitcoin, all doubt will be cleared. If you observe closely when I recommend 30% of your income going for Bitcoin accumulation is when you must have secured an emergency fund that can sustain you for at least three month, then you can boldly increase you DCA during dips like this, and should in case it doesn't favour you too well, after the investment you can use from you emergency fund to meet up your needs while you reduce your DCA amount and refill your emergency fund.

In another dimension, there are people whose income are so low that it will take over 50% to as high as 70% of their income to meet their basic needs. These class of people can invest as low as 10% of their income and they will not be breaking any rule. It is always ideal to properly calculate your cashflow to be able properly know what to put into Bitcoin to be able to have the much needed peace for long term investment.

Ambatman, this is exactly what I recommend you do. Trust me of your income is very low, then you must make plans before you end up doing what will back fire. But if you have the opportunity to invest higher amount, don't hesitate because, you'll regret in the future for not buying enough while the price was still fair.  You sounded more like someone who believes in Bitcoin in your other posts, but reading this one, you sound the opposite of what you believed in. However opportunities like this are rear, and since we got to experience this one, the best thing to do is to take advantage of it. Because currently the market look as though it has finished it's dump and it is getting ready for a pump, now might be the least of such price we'll experience before the halving. DCA is the most used strategy, but combining it with buy the dip, your get a flawless strategy.
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January 26, 2024, 10:43:26 PM
Merited by ajiz138 (2)
 #5496

If you wait until you have a comfortable emergency fund that will be enough for you to take care of things when the need arises, you won't be able to invest, to me, I don't think that there is any amount that we should have before investing, beside an investor should not think of being alright financially before making investment move, the only aspect one should consider is how much that is coming in daily, weekly and monthly after this check, the money should be divided into a segment, the one for emergency stuff, other needs and the investment itself, with this idea one can start from somewhere and never think of withdrawing his or her investment when fully involved.
Thinking about emergency funds is very important especially if you don't want to disturb when the investment has started, we never know what future circumstances are needed, so emergency funds are important before investment starts, at least you already have a handle on this.

Well that's a lot of consideration with the cash flow you have, I'm sure the average of us will probably get from a month's salary and divide it into several segments of emergency funds, needs and investments then that will be divided by how many percent of investment how big your needs are then this is important not to be ignored.

I feel that with the emergency fund that has been prepared we feel a little more relieved, why? Because you will be a little calm with bitcoin investment even though for example the cash flow is starting to decrease a little but you can still do from emergency funds or needs can use emergency funds until cash flow returns to normal.
Therefore, we must start preparing the budget that we need from the beginning because after all, this planning is important to balance the income we receive in 1 month and the expenses that we must prepare to support our needs so that we can prepare everything properly including the emergency fund budget which is quite important.

As you said, we cannot know what will happen tomorrow or in the future so in this case we need to prepare from the start so that unexpected situations do not bother our minds too much because we already have prior preparation with emergency funds that have been prepared.
As for in the end it is used or not, it is a matter of later, the most important thing in the financial planning and management that we have emergency funds must remain as a consideration and it becomes a mandatory thing so that we can minimize unexpected events.
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January 26, 2024, 10:46:21 PM
 #5497


You sound like one who is just experiencing the market not too long. In essence, you sound like a newbie, and I don't think you understand properly what I said. Making 30% Bitcoin investment off your salary for a month is enough when you have an emergency fund. Besides I didn't say you'll have to use that amount for ever, you invest based on your financial status. And with the way you sound, it looks as though you haven't developed enough trust for Bitcoin, anyway I can't blame you, if only you have don extensive research about Bitcoin, all doubt will be cleared. If you observe closely when I recommend 30% of your income going for Bitcoin accumulation is when you must have secured an emergency fund that can sustain you for at least three month, then you can boldly increase you DCA during dips like this, and should in case it doesn't favour you too well, after the investment you can use from you emergency fund to meet up your needs while you reduce your DCA amount and refill your emergency fund.

Lol I must say you crack me up
Did you read my post?
I was against the idea of advising a person to invest 30% of their salary.
Did I even mention emergency fund?
How does emergency fund relate to investing what you can afford to
Do you think if you introduce BTC to an individual with barely any knowledge of it, they can really stand losses.?
Quote
Ambatman, this is exactly what I recommend you do
it's official
Either you didn't read my reply or your level of understanding is like meme coins.
What's the difference between what odohu said and investing amount you can afford to.


Quote
You sounded more like someone who believes in Bitcoin in your other posts
 
oh trust me I do
Trading and shitcoins has done a number on me
2023 showed me the strength of Bitcoin and the belief is still beating.
I never said I wouldn't invest 30% of my salary in Bitcoin
Even all of it
If I my expenses would be covered
But this isn't applicable to everyone
I of 2022 believed the news that Bitcoin is dead
It's going to $10K
Now what's the price of Bitcoin?
If I don't believe in it's recovery and potential after I sold in loss last year January
Then I would be a Fool.

In a nutshell,  What am saying is, it's better to advice a person to invest with a money they can afford
Or an idle money.

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January 26, 2024, 10:47:25 PM
 #5498

I agree with you in your text that it's not nice encouraging someone to invest 30% of their salary.
The best amount to invest is one that wouldn't affect you even in losses.
You believe in Bitcoin doesn't mean the person does
Yes it's a good advice to you but wouldn't to the individual
Is not easy seeing red and losses especially when you know nothing about Bitcoin.
I prefer buying via DCA, buying small units at different interval.
You can take it like an expenses in training a kid, a couple of dollar on a consistent level would go a long way.

Quote
So 30% for acculturating now that the price is low is very much ok.
Okay? Do you have idea about the persons expenses
There are many people who can barely get by with their salary and you saying 30% is okay?
This can be said for people whose salary covers their expenses with a good margin
Any dip wouldn't have much effect on them and it would be easier to continue the DCA.
Like I said its not compulsory to invest your salary or savings.  Just invest and DCA any amount you can afford. $5 a week in a year is around $240, in many countries this is something (Note :Profit wasn't calculated).  

The one I know I would frown against is saving money idlely in the bank.
Fiat can't survive inflation
Price of goods increases while purchasing value of money reduces
Investing in good projects would prevent the money from been idle.

You sound like one who is just experiencing the market not too long. In essence, you sound like a newbie, and I don't think you understand properly what I said. Making 30% Bitcoin investment off your salary for a month is enough when you have an emergency fund. Besides I didn't say you'll have to use that amount for ever, you invest based on your financial status. And with the way you sound, it looks as though you haven't developed enough trust for Bitcoin, anyway I can't blame you, if only you have don extensive research about Bitcoin, all doubt will be cleared. If you observe closely when I recommend 30% of your income going for Bitcoin accumulation is when you must have secured an emergency fund that can sustain you for at least three month, then you can boldly increase you DCA during dips like this, and should in case it doesn't favour you too well, after the investment you can use from you emergency fund to meet up your needs while you reduce your DCA amount and refill your emergency fund.

In another dimension, there are people whose income are so low that it will take over 50% to as high as 70% of their income to meet their basic needs. These class of people can invest as low as 10% of their income and they will not be breaking any rule. It is always ideal to properly calculate your cashflow to be able properly know what to put into Bitcoin to be able to have the much needed peace for long term investment.

Ambatman, this is exactly what I recommend you do. Trust me of your income is very low, then you must make plans before you end up doing what will back fire. But if you have the opportunity to invest higher amount, don't hesitate because, you'll regret in the future for not buying enough while the price was still fair.  You sounded more like someone who believes in Bitcoin in your other posts, but reading this one, you sound the opposite of what you believed in. However opportunities like this are rear, and since we got to experience this one, the best thing to do is to take advantage of it. Because currently the market look as though it has finished it's dump and it is getting ready for a pump, now might be the least of such price we'll experience before the halving. DCA is the most used strategy, but combining it with buy the dip, your get a flawless strategy.
Most people don't know that they can also profit the way most people that bought bitcon at a very low price. For instance some individuals invested on bitcoin when it was still around the price range $1k and am pretty sure most of sold theirs already due to the great changes in price of bitcoin while some loses Theirs due to misplacements of their keys and all that. But just imagine the few that may have managed to hold some portion till now. Imagine the kind of profit they have accumulated all this while. So you can invest now and start accumulating more bitcoin, and keep your seed phrase save with caution. Like jayjuangee said  days back that Bitcoin is a life time investment, so bitcoin still have long way to go and still have alot of prices to beats and alot of new ATH to create. Bitcoin as the potential to hit  millions of  dollars. So doesn't matter either you using 10% or 5% of your earnings. As long you using cash you feel comfortable of holding for long...

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January 26, 2024, 11:13:36 PM
 #5499

I don't think is nice encouraging someone to invest on Bitcoin using his 30% of salary to invest on Bitcoin because there is every possibility that the investor could ran into trouble if the reserve fund is not enough to sustain him till he receives his next salary, so perhaps in as much as is advisable to take advantage of the Bitcoin price right now but shouldn't get overwhelmed by investing aggressively because is better to invest with the money we can easily afford without being tampered than investing with all the money we have and within a short while you end up selling it do to the lact of money to take care of other needs, however is only those that have structured one of there portfolio for Lump suming  I could easily advise to take advantage of the market because they have already taken all the measures before now.
There is no fixed percentage that is universal as regarding what to invest in Bitcoin. It is always to each his own; you are expected to work out what you will be comfortable to leave in Bitcoin, an amount that will not stop you from living your normal life. There are some people people whose 10% of their income is enough for their needs and they will still have surplus from it. Those are the people at the upper echelon of society that are making decent amount of money that are way above what they can possibly spend. This set of people can even afford to invest 50% of their income into Bitcoin.

If I fall into this category of people, I will definitely put at least 50% of my income into Bitcoin because I don't know of any better asset class to invest in and save for retirement.



It will depend on what you can afford to put on your bitcoin investment and any amount is fine as long as you have BTC bought which can increase your holdings. They should not get ashamed if they can afford small percentage since this is how greatness starts since as long as we are consistent on the investment choices we do for sure it will grow continuously in future.

People need to remember that its not all about the sizes of their investment since it all matter on their will to invest on crypto plus how eager they up getting a lot of knowledge to use for their investment. Those strategies mentioned will surely help them to increase their investment sizes so now its all matter on how people gonna take effort since they are the one who can make their selves profitable. Also right now I'm into 35% - 50% of my funds goes to bitcoin investment and so far doing great and yet still bullish  and yet plan to add more in my portfolio to save up for long term purposes since we know that bitcoin always got good potential that's why I make sure that I'm not left behind on its future growth.

R


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January 26, 2024, 11:14:21 PM
Merited by Doell (1), ajiz138 (1)
 #5500

[edited out]
If you observe closely when I recommend 30% of your income going for Bitcoin accumulation is when you must have secured an emergency fund that can sustain you for at least three month, then you can boldly increase you DCA during dips like this, and should in case it doesn't favour you too well, after the investment you can use from you emergency fund to meet up your needs while you reduce your DCA amount and refill your emergency fund.

I would think that 3 months of an emergency fund would be about the bare minimum to have if you are going to start to act boldly.. and even with ONLY 3 months of an emergency fund, you gotta be careful about ever dipping into such emergency fund except for strict emergencies.

If you have 6 months of an emergency fund and you know that you are never going to let your emergency fund dip below 3 months unless you are int he midst of a true emergency, then you can be a lot more bold because you might even float one of the months so that you are mostly between 4-6 months in your emergency fund.

I guess my point, is to be careful if you are starting to get a lot of BTC investment and if you are starting to use more adventurous times of investing, including getting  a 30% advance of your pay for 3 months or any of those kinds of things, even though it might work out, you seem to be playing with fire if you only have 3 months emergency and you also get a 3 month advance for 30% of your income... it may well end up working out, but it does not seem like a good balance especially if you might be in a position that you don't want to end up getting forced into selling any of your BTC at some inconvenient time, for example when it might be dipping extensively.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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